Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) that combines market-linked wealth creation, life protection and retirement planning. The insurer has partnered with Policybazaar to offer the product through a digital distribution channel. The new insurance policy comes with multiple variants designed around
Around 62.2% of platform workers surveyed across India do not have health insurance, while 44.2% lack accident insurance, according to a September 2026 report by Janpahal and the Gig Workers Association (GigWA). The findings come from a survey of 1,000 platform workers across 10 Indian cities. The report, titled Occupational
The Insurance Regulatory and Development Authority of India (IRDAI) plans to test an automated number plate recognition (ANPR) system that could link fuel purchases with valid insurance status. The proposed pilot follows a Supreme Court directive aimed at improving compliance with mandatory third-party motor insurance. According to sources cited by
ICICI Prudential Life Insurance Managing Director and CEO Anup Bagchi has called for tax incentives on long-term insurance policies, saying the move could encourage longer-term savings and help insurers create stable funds for infrastructure investment. Speaking at NaBFID’s Infrastructure Conclave 2026 on September 17, Bagchi said India needs to address
The Gujarat floods have triggered a sharp rise in insurance claims, with industry estimates now pointing to more than ₹5,000 crore in losses. The scale of the claims has prompted insurers to reassess pricing for fire and property insurance, particularly for large industrial assets. The latest development marks a shift
India’s major life insurers are accelerating digital distribution as customers and intermediaries increasingly expect faster onboarding, automated underwriting and simpler policy servicing. The shift has made digital capabilities a key part of competition across the life insurance sector. Recent moves by ICICI Prudential Life Insurance and SBI Life show how
People with a family history of hypertension may look beyond hospitalisation cover when buying health insurance. Wellness features such as preventive check-ups, fitness rewards, teleconsultations and health coaching can add another layer of support. However, these features can also affect how buyers assess the value of their health insurance premiums.
Pregnancy can change how policyholders look at their health insurance premiums, particularly when they need hospitalisation for an illness unrelated to pregnancy. While a regular health insurance policy may cover eligible hospitalisation, pregnancy-related exclusions and maternity conditions can complicate the claim. A recent report highlighted how insurers may examine the
Insurance policyholders using UPI AutoPay for recurring premium payments will not have to pay an additional charge when the new UPI Merchant Discount Rate (MDR) framework takes effect on October 15, 2026. The National Payments Corporation of India (NPCI) has clarified that recurring UPI mandates, including automated insurance premium payments,
Axis Max Life Insurance does not see an immediate reason to raise life insurance premiums in the coming months, according to managing director and chief executive officer Sumit Madan. He said the company and the wider industry continue to see steady demand despite global economic uncertainties. Madan said Axis Max
